12 Ways That Connected Finance And HR Support Growth

On the path to growth, many small-to-medium businesses (SMBs) invest in a variety of cloud software solutions. As a problem arises, they purchase a point solution to solve that problem. Short-term problems are solved; long-term problems are made more difficult.

When the decision is made to buy an HCM cloud solution that cannot reliably share data with the ERP or financial cloud solution, problems start to bubble to the surface. Think about it: every time a new HR policy is added, or a current one is adjusted, the finance department is impacted. When systems are not fully integrated (and cannot maintain those integrations during upgrades), HR and Finance spend a lot of time doing low-value, transactional-based work.